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Income Statement (rptd.)UNITED BANKSHARES, INC. (NASDAQ - UBSI) 
 2014 Y2015 Y2016 Y2017 Y2018 Q3 YTD
Source Document12/31/201612/31/201712/31/201712/31/20179/30/2018
(in thousands)     
Interest income 
Interest and fees on loans 383,662387,713430,738565,537472,451
Interest on federal funds sold and other short-term investments 9541,6453,49516,03513,867
Interest and dividends on securities 
Taxable 30,42630,74432,35736,71539,679
Tax-exempt 3,5003,5283,7515,5194,218
Total interest income 418,542423,630470,341623,806530,215
Interest expense 
Interest on deposits 27,46128,02329,12549,72661,101
Interest on short-term borrowings 1,1348341,5841,5791,503
Interest on long-term borrowings 14,23910,64914,30123,50425,671
Total interest expense 42,83439,50645,01074,80988,275
Net interest income 375,708384,124425,331548,997441,940
Provision for loan losses 21,93722,57424,50928,40616,190
Net interest income after provision for loan losses 353,771361,550400,822520,591425,750
Other income 
Fees from trust services NANANANA9,545
Fees from brokerage services 18,14119,08519,03719,5316,964
Fees from deposit services 42,37237,96232,85833,62225,323
Bankcard fees and merchant discounts 4,2074,7865,2154,7954,384
Other service charges, commissions, and fees 2,0492,1412,0592,0571,640
Income from bank-owned life insurance 5,3005,5575,7945,1103,776
Income from mortgage banking activities 1,8762,5073,45058,90746,539
Net gain on sale of bank premises 8,976NANANANA
Net investment securities (losses) gains (3,112)1552805,584(692)
Other income 1,1531,4331,3392,0391,406
Total other-than-temporary impairment losses 1,935(113)339(60)NA
Portion of loss recognized in other comprehensive income (8,413)66(372)0NA
Net other-than-temporary impairment losses (6,478)(47)(33)(60)NA
Net gains on sales/calls of investment securities 3,3662023135,644NA
Total other income 80,96273,62670,032131,64598,885
Other expense 
Employee compensation 90,82388,12393,281164,247125,268
Employee benefits 20,45727,08628,96537,14327,514
Net occupancy expense 25,79624,30127,52939,06727,776
Other real estate owned (OREO) expense 7,7403,6135,8446,0032,423
Equipment expense 9,5659,0348,62210,52810,328
Data processing expense 14,45514,86715,28021,01917,735
Bankcard processing expense 1,3911,5051,7421,8091,431
FDIC insurance expense 7,5658,3678,5487,0518,220
Prepayment penalty on FHLB advance 1,971NANANANA
Other expense 60,08454,79158,38580,54256,482
Total other expense 239,847231,687248,196367,409277,177
Income before income taxes 194,886203,489222,658284,827247,458
Income taxes 64,99865,53075,575134,24655,066
Net income 129,888137,959147,083150,581192,392
Earnings per common share 
Basic 1.931.992.01.541.84
Diluted 1.921.981.991.541.83
Dividends per common share
Average outstanding shares 
Basic 67,404,25469,334,84973,531,99297,502,633104,382,094
Diluted 67,648,67369,625,53173,893,12797,890,078104,679,876
Net income 129,888137,959147,083150,581192,392
Change in net unrealized (loss) gain on available-for-sale (AFS) securities, net of tax 24,788(4,068)(7,782)4,093(30,853)
Accretion of the net unrealized loss on the transfer of AFS securities to held-to-maturity (HTM) securities, net of tax 55654
Change in pension plan assets, net of tax (17,510)1,6151,271(1,406)2,703
Comprehensive income, net of tax 137,171135,511140,578153,273164,246

Data shown on this page is extracted directly from the company’s documents. SNL makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, SNL, as always, stands by its commitment to the quality of the data.

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